Chinese tech company Kuang-Chi has launched an Israel-based global innovation fund and is targeting a corpus of $300 million within the next three years.
The company is calling the vehicle the first Chinese fund of its kind, combining early to mid-stage Israeli and global companies with services provided by Kuang-Chi. According to a statement, the fund...
AVCJ’s daily bulletin will not be published on May 19 due to a public holiday in Hong Kong.
Gojek and Tokopedia, two of Indonesia’s best-funded technology start-ups, have completed a merger, forming what they claim is the largest mobile on-demand services and payments platform in Southeast Asia.
DCL Investments, one of China’s first private equity firms to focus on distressed assets, is looking to raise RMB3 billion ($466 million) for its latest renminbi-denominated fund.
Japanese microsatellite developer Axelspace has raised JPY2.6 billion ($24 million) in Series C funding from a group of domestic VCs, including Sparx Group.